Cognitive Services Platform (CSP) Market Analysis, Regional Analysis 2020: 2027

 Cognitive Services Platform (CSP) Market Scenario:

The Cognitive Services Platform (CSP) Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Cognitive Services Platform (CSP) Market highlights the future prediction and the growth alternatives that can be created.

Global Cognitive Services Platform (CSP) Market 2020 is expected to grow exponentially, securing a substantial market valuation and a healthy CAGR over the review period.

Artificial intelligence has been an important part of applications in the internet of things. Increasing the internet of things and artificial intelligence is one of the major factors driving the development of the demand for cognitive services platforms. Analyzing customer behaviors with cognitive analytics helps track consumer behavior trends and can enable target ads. This will eventually continue to drive the demand for the cognitive resources network. The key factor driving the growth of the demand for cognitive services platforms is the growing acceptance of artificial intelligence and the growing application of artificial intelligence across various vertical sectors. Increasing demand for real time data analysis is another factor driving the growth of the Cognitive Services Platform (CSP) Market.

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Competitive Outlook:

The major market players operating in the global market as acknowledged by MRFR are IBM Corporation (U.S.), Tata Consultancy Services Limited (India), Infosys Limited (India), Wipro Limited (India), Google, Inc. (U.S.), Microsoft Corporation (U.S.), General Electric (U.S.), Attivio (U.S.), Enterra Solutions LLC (U.S.), Numenta (U.S.) and others.

 Segmentation:

·       The Cognitive Services Platform (CSP) Market has been segmented based on services, end-user, and vertical.

·       The services segment comprises of continuous compliance, autonomous governance, self-service and automated provisioning, customer support, knowledge management, communication monitoring, and others.

·       The end-users segment comprises of SMEs and large enterprises.

·       The vertical segment is segmented into BFSI, healthcare, consumer electronics & retail, education & retail, IT & telecommunication, travel & tourism, aerospace & defense, oil & gas, and others.

Regional Analysis:

 The Cognitive Services Platform (CSP) Market in North America is poised to witness significant growth and account for the largest market share over the review period. U.S and Canada are anticipated to drive the growth of the Cognitive Services Platform (CSP) Market. This is due to the presence in that area of a large number of existing main players such as IBM Corporation and Microsoft Corporation and also emerging companies in cognitive service platforms such as CognitiveScale. Besides this, the area also has a well-established network that allows for greater mobile penetration and eventually provides better connectivity.

 This is projected to be an significant factor in market growth for cognitive resources platforms. Another major factor driving growth of the region's Cognitive Services Platform (CSP) Market is the increasing adoption of artificial intelligence and IOT in the corporate, retail, and healthcare sectors. Growing adoption by small and medium-sized businesses may be a major factor driving growth of the region's Cognitive Services Platform (CSP) Market. APAC has significant growth opportunities in the cognitive services industry.

 Due to the rapidly evolving competitive environment on the sector, the region is focused on improving its digital capabilities and increasing its security expenditure. The field is also concerned with cybersecurity, which can be tackled through the services of cognitive risk intelligence.

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Table of Contents:

1 Market Introduction

2 Research Methodology

3 Market Dynamics

3.1 Introduction

3.2 Market Drivers

3.3 Market Challenges

3.4 Market Opportunities

3.5 Market Restraints

4 Executive Summary

5. Market Factor Analysis

Continued….

 

About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

 

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research. 

 

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